I have enjoyed the banter on this thread. Personally I think that gld will tread lower but am happy to accumulate small amounts of physical on the way down.
It is quite possible gld will test the $US1000 level and perhaps a bit lower. It will not be a long bear period though. The US$ strength is crushing the Emerging markets and sooner or later (probably after the next FOMC rate rise this month) the US will have to take the foot off their throats or risk contagion.
With Russia and China pushing to break away from the US$ this will be a counterpoint to US strength. They will break the US domination in money transfers.
So, no further rate rise in December. Who knows about 2019?
As an insurance policy against the next GFC small accumulations of physical metals could be useful.
